Gold surged by Rs 100 to Rs 30,350 per ten grams at the bullion market today on positive global cues amid jewellers’ buying at domestic spot market.
Silver extended gains for the third day and recaptured the Rs 43,000-mark by gaining Rs 390 to Rs 43,300 per kg on hectic demand from industrial units and coin makers.
Sentiment improved in tune with positive global cues as investor speculate that central banks will have to continue supporting the economies in the wake of Britain’s exit from the European Union.
Besides, fresh buying by jewellers at domestic spot market led to rise in the precious metals’ prices.
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Globally, gold rose 0.52 per cent to USD 1,318.30 an ounce and silver traded higher 2.93 per cent to USD 18.27 an ounce in New York in yesterday’s trade.
In the national capital, gold of 99.9 and 99.5 per cent purity rebounded by Rs 100 each to Rs 30,350 and Rs 30,200 per ten grams respectively.
Sovereign, however, held steady at Rs 23,300 per piece of eight grams in limited deals.
Silver ready rose further by Rs 390 to Rs 43,300 per kg and weekly-based delivery by Rs 250 to Rs 42,950 per kg.
Silver coins too spurted by Rs 1,000 to Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.